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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 24, 2022
Sep. 25, 2021
Cash Flows from Operating Activities:    
Net income $ 103,713 $ 97,452
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation, amortization and accretion 31,131 24,931
Provision for doubtful accounts 80 61
Benefit for deferred income taxes (546) (414)
Provision for stock-based compensation 6,742 6,212
Payment of contingent consideration   (2,418)
Changes in assets and liabilities:    
Accounts receivable 39,325 20,746
Inventories (146,278) (97,156)
Prepaids and other current assets (7,228) (7,216)
Other assets 157 (3,639)
Accounts payable 17,887 20,456
Accrued customer rebates and returns 11,712 23,786
Accrued compensation and other liabilities (27,351) (5,200)
Cash provided by operating activities 29,344 77,601
Cash Flows from Investing Activities:    
Acquisition, net of cash acquired 595 (345,483)
Property, plant and equipment additions (23,780) (15,274)
Cash used in investing activities (23,185) (360,757)
Cash Flows from Financing Activities:    
Proceeds of revolving credit line   252,360
Payments of revolving credit line (10,000) (3,000)
Payment of contingent consideration   (7,982)
Payment of debt issuance costs   (4,215)
Proceeds from exercise of stock options 971 909
Purchase and cancellation of common stock (19,717) (54,272)
Other stock-related activity (664) 1,055
Cash (used in) provided by financing activities (29,410) 184,855
Effect of exchange rate changes on Cash and Cash Equivalents (96) (12)
Net Decrease in Cash and Cash Equivalents (23,347) (98,313)
Cash and Cash Equivalents, Beginning of Period 58,782 155,576
Cash and Cash Equivalents, End of Period 35,435 57,263
Supplemental Cash Flow Information    
Cash paid for interest expense 4,366 567
Cash paid for income taxes $ 49,670 $ 37,500